4 things Every Future NFL Player Should Know About Endorsements – Part One

In the event that you make it to the NFL and are in position to obtain an endorsement or two, these are some things that you’ll need to abide by.

Of course, it’s not a big deal to try to remember any of this stuff, as your agent and/or lawyer will be able to go over this stuff when the time comes, but I thought some of you might find this stuff good to know regardless.

Notice that the rule says that the player can’t endorse a company that produces “anything banned”.

So even if you’re endorsing a product that’s not banned, if the company makes anything that is, you can’t endorse their company, or any of their products.

Medical/pharmaceutical companies.

When it comes to endorsing medications and pharmaceuticals, players can only endorse stuff from approved companies that make stuff like allergy medication, hair growth, dermatological products, or cholesterol reduction.

This clause protects the athlete in the event that he’s named in a suit against, or pertaining to an action the company does that he’s tied to.

Being tied to the company, without this clause existing (and written properly), the athlete could be at-risk, if someone was to sue the company for things like trademark or patent infringement, or even if they’re being sued on a personal injury claim.

If this is done right, it protect the athlete if they’re named in the suit against the company.

Quite often, the Indemnity clause allows you to get reimbursed by the company, in the event that you personally get sued.

Terms

From your perspective as the athlete, the stage of your career plays a major part when it comes to figuring out the ideal term of the deal.

Pretty often, the younger the player, the shorter the term you generally want to make the contract.

Shorter terms increase your chances of being able to hopefully renegotiate for more money in the future.

On the other hand, if you’re near the “end” of your career, you may want to seek a long-term deal, and try to maximize the amount of guaranteed money you get.

That’s it for Part one, check back for part two, where we’ll dive into the rest of the most important parts of the endorsement contract, and take a look at a couple other things you may not know as well.

Click here, or leave a comment below, to suggest a topic to be covered that’s not already.

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